article thumbnail

Risk of Derivatives – The Fall of an Index

South State Correspondent

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime). No ISDA documents.

article thumbnail

The Top 20 Deposit-Rich Industries for 2023

South State Correspondent

While desiring to bank everyone in your community is noble, it can be a poor use of resources. Not to say you want to ignore parts of your community, but why not focus more of your resources on those industries that will make your bank more profitable? That figure is approximately the same cost as targeting a trade organization.

Industry 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming. Request-for-payments was no longer talked about in theory as many banks and companies touted their own case studies. You have never heard so many intelligent people sound not so smart.

article thumbnail

Community Heroes Connect: What’s Next for the Financial Industry

Social Assurance

The COVID-19 pandemic presented community banks with a unique set of challenges – but also opportunities. Necessity forced many institutions to think outside the box and develop innovative approaches to helping their community. Our Community Heroes series releases new episodes twice a month and is viewable by visiting our vlog page.

article thumbnail

10 Big Bank Marketing Lessons from the ABA Bank Marketing Conference

South State Correspondent

Link insights to all community banking growth strategies and market activation so that multicultural banking becomes ingrained in all products, services, and marketing and is not a standalone effort. The annual ABA Bank Marketing Conference was a fantastic showcase of insights, case studies, and networking opportunities.

article thumbnail

Bank Shareholder Liquidity Matters

Jeff For Banks

Having Ciaran onstage with Laura as a case study added credibility to the presentation. Suncrest started in 2008 with a $19 million capital raise, and did three small follow-ons of $5, $8, and $7 million to support growth. Ten years after opening Suncrest did another $25 million raise led by p/e firm Castle Creek Capital LLC.

article thumbnail

CFPB: Are They Coming to Get You?

Jeff For Banks

Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? Should communities today be concerned by the M&A activity taking place? The edited Q&A is below. There are benefits to scale.